v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of the valuation of the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis
The following tables summarize the valuation of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis in accordance with the classifications provided above as of June 30, 2026 and December 31, 2025 (in thousands).
Fair Value Measurements at
 June 30, 2026 using
DescriptionLevel 1Level 2Level 3Total
Assets (Liabilities)
Oil costless collars$— $(68,871)$— $(68,871)
Oil price calls— (57,059)— (57,059)
Natural gas costless collars— 9,226 — 9,226 
Natural gas swaps— (4,042)— (4,042)
Natural gas basis differential swaps— (15,219)— (15,219)
Total$— $(135,965)$— $(135,965)
Fair Value Measurements at
December 31, 2025 using
DescriptionLevel 1Level 2Level 3Total
Assets (Liabilities)
Oil costless collars$— $717 $— $717 
Natural gas costless collars— 17,396 — 17,396 
Natural gas basis differential swaps— 15,939 — 15,939 
Total$— $34,052 $— $34,052